G&G Managing Partner Neil V. Getnick was quoted in a NBC Charlotte report on the PPP loan program. According to the report, newly released federal records reveal that nearly a third of the PPP loans awarded in the Carolinas has gone to just 1% of the recipients, including several larger businesses that received the maximum $10 million. “The whole point of the program was to reach out to the small businessmen and businesswomen and help them keep their businesses afloat. After all, it’s the Small Business Administration,” Getnick said.
Read the article here.